US Foods Holding Corp (USFD)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,148,000 | 6,012,000 | 5,930,000 | 5,722,000 | 5,492,000 | 5,280,000 | 5,061,000 | 4,847,000 | 4,655,000 | 4,421,000 | 4,154,000 | 3,656,000 | 3,719,000 | 3,948,000 | 4,130,000 | 4,601,000 | 4,587,000 | 4,442,000 | 4,394,000 | 4,366,000 |
| Revenue (ttm) | US$ in thousands | 35,334,000 | 34,920,000 | 34,768,000 | 34,604,000 | 33,806,000 | 32,948,000 | 31,936,000 | 30,778,000 | 29,252,000 | 27,747,000 | 25,692,000 | 22,580,000 | 22,648,000 | 23,445,000 | 24,148,000 | 26,052,000 | 25,755,000 | 24,877,000 | 24,499,940 | 30,367,940 |
| Gross profit margin | 17.40% | 17.22% | 17.06% | 16.54% | 16.25% | 16.03% | 15.85% | 15.75% | 15.91% | 15.93% | 16.17% | 16.19% | 16.42% | 16.84% | 17.10% | 17.66% | 17.81% | 17.86% | 17.93% | 14.38% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,148,000K ÷ $35,334,000K
= 17.40%
US Foods Holding Corp's gross profit margin has exhibited some fluctuations over the past few quarters. The gross profit margin has generally been improving since the end of 2019, with a peak of 17.93% in the first quarter of 2019. However, there was a dip in the margin in the second quarter of 2020 at 14.38%, but it has been trending upwards since then.
In the most recent quarter, as of December 31, 2023, the gross profit margin stands at 17.40%, a slight increase from the previous quarter. This indicates that the company is effectively managing its cost of goods sold relative to its revenue, resulting in a healthier margin. Overall, the company's gross profit margin shows a positive trend, which is a positive indicator of its operational efficiency and profitability.
Peer comparison
Dec 31, 2023